Bigger is better when it comes to selling to carriers. At least that's one of the reasons we think Overture Networks has acquired Ceterus Networks. Terms of the deal between the two privately-held companies were not announced.
Overture picks up a whole bunch of new products from Ceterus, including optical Ethernet access solutions for cell site backhaul - just the thing you want to have in the portfolio with ClearWire starting to more forward and Verizon Networks saying they're going to roll out LTE in 2009.
Add the new products to Overture's business service solutions, and the company gets to present a portrait of a market leader in multiple, high-growth Carrier Ethernet segments and one-stop shopping for network service providers looking to purchase Ethernet hardware for retail services offerings (i.e. businesses) and backhaul solutions (i.e. every wireless carrier selling a 3G; double for those deploying 4G networks).
Overture currently has Carrier Ethernet products in 10 of the top 15 service providers in the U.S., and it has more than 180 service provider and enterprise customers worldwide.
- Overture buys Ceterus Networks. Release.